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Drax Group (DRX)

263.40p

13:19 28/02/20

  • 0.38% 1.00p
  • Today's Low & High
  • 247.72 / 266.40
  • Open / Previous Close
  • 260.00 / 262.40
  • 52-week range
  • -27.80% -101.40p
  • Volume
  • 769,093
  • Market Cap(million)
  • £1,044.74m

267.40p REAL TIME BATS

  • 14:34 28/02/20
  • 1.91%
  • 5.00p

Technical Analysis

Support and resistance levels

S1

2.60
0.00%

R1

2.94
13.00%

S2

2.51
-3.00%

R2

3.14
21.00%

Technical comment

Short term
Medium term
Long term

Pivot Points

  • Levels of negotiation support
  • 2.57
  • 2.55
  • Levels of negotiation support resistance
  • 2.63
  • 2.67

Technical situation

Remains in a neutral-bearish trend as long as it doesn't lose support at 2.51.

Recommendation

Short term comment

The turning point to be bearish in every term stands at the support level located at 2.51. As long as it doesn't lose this level, the long term trend (scenario) won't stand for more than neutral-bearish, with this level as a limit for every fall.

Long term comment

From some months ago, long-term scenario remains bearish. Exhaustion signals that could alert for an upwards trend turn, furthermore, are not yet noticeable.

Indicator Previous Current Signal Comment
RSI 7 23.10 21.83 The RSI 7 shows an oversold situation (vulnerability of bearish trend).
RSI 14 33.37 32.42 The RSI 14 doesn't show any sign of overbuy/oversell.
RSI 21 37.45 36.72 The RSI 21 doesn't show any sign of overbuy/oversell.
RSI 50 43.85 43.48 The RSI 50 doesn't show any sign of overbuy/oversell.
RSI 200 47.10 47.00 The RSI 200 doesn't show any sign of overbuy/oversell.
Fast Stochastic n/a n/a Intermediate zone for the indicator, no exhaustion signal.
Slow Stochastic n/a n/a Heavy exhaustion of the bearish movement, however with no turning signal yet.
Simple Moving Average 7 2.80 2.75 Very short-term trend is bearish.
Simple Moving Average 21 2.84 2.83
Simple Moving Average 50 2.95 2.94
Simple Moving Average 200 2.89 2.89
Exponential Moving Average 7 2.76 2.72
Exponential Moving Average 21 2.83 2.81
Exponential Moving Average 50 2.83 2.81
Exponential Moving Average 200 2.83 2.81 Indefinite long-term trend.
MACD Line -0.05 -0.06 Price following bullish trend.
MACD Signal -0.02 -0.03 Price following bullish trend.
Bollinger 95 n/a n/a
Bollinger 99 n/a n/a
Double Exponential Moving Average 7 2.86 2.83 Very short-term trend is bearish.
Double Exponential Moving Average 21 2.88 2.87
Double Exponential Moving Average 50 2.88 2.87
Double Exponential Moving Average 200 2.88 2.87 Indefinite long-term trend.
Divergences n/a n/a NO
On Balance Vol. -18,264.93 -94,007.27 OBV is bearish.
Momentum 7 -0.33 -0.34 Extremely high falling speed in the very short term.
Momentum 7 -0.37 -0.29 Extremely high short-term falling speed.
% K Williams 94.87 88.64 Oversold, would favour a bullish turn.
Priority Date Notification
28/02/2020 RSI7 points some overselling, which if increasing, is likely to reflect renewed short term bullish pressure.
27/02/2020 RSI7 points some overselling, which if increasing, is likely to reflect renewed short term bullish pressure.
26/02/2020 RSI7 points some overselling, which if increasing, is likely to reflect renewed short term bullish pressure.
21/02/2020 It's now close and above the mid-term Moving Average, therefore it could move upwards, but if it breaks below the MA would revert the signal
17/02/2020 By being close (below) the short-term Moving Average, it could move on to lower levels, though if it should break above the MA the signal would revert to bullish
12/02/2020 It's now close and below the short/mid-term Moving Average, therefore it could drift downwards, but if it breaks above the MA would revert the signal
06/02/2020 It's now close and above the mid-term Moving Average, therefore it could move upwards, but if it breaks below the MA would revert the signal
06/02/2020 Moderate strength signals from fast stochastic anticipate likely short-term rebounds.
05/02/2020 It's now close and below the short/mid-term Moving Average, therefore it could drift downwards, but if it breaks above the MA would revert the signal
05/02/2020 Moderate strength signals from fast stochastic anticipate likely short-term rebounds.
04/02/2020 Moderate strength signals from fast stochastic anticipate likely short-term rebounds.